Japan

Securities / Derivatives

BOJ Scraps ETF Buying Target, Tweaks Yield Curve Controls

By Editors | 22/03/2021

The BOJ is scrapping its JPY 6 trillion annual target for buying ETFs, but will keep the JPY 12 trillion annual ceiling. The BOJ now owns about 7% of the Japanese equity market.

Market Infrastructure

Japan Banks Finalise Decision to Lower Interbank Transfer Fees

By Editors | 22/03/2021

Effective from 1 October, interbank money transfer fees will be lowered to JPY 62 per transaction, the first reduction in 40 years.

JBA Issues Guidance in Response to Mizuho Glitches

By Editors | 15/03/2021

Banks are asked to carefully prepare for any major system upgrades involving extensive data processing, and to ensure appropriate lines of communication are established.

Fintech / Regtech

BOJ Publishes Paper on Cloud Services Risk Management

By Sanday Chongo Kabange | 15/03/2021

The paper is aimed at helping FIs to improve their IT governance by increasing awareness of cloud services and related risk management practices.

Market Infrastructure

GFIT Taxonomy Should Recognise Efforts to Become Greener

By Manesh Samtani | 14/03/2021

The Japanese Bankers Association says the taxonomy should support not only ‘pure green’ activities and technologies, but also efforts to ‘become green/greener’.

Market Infrastructure

BOJ, FSA Urge FIs to Push Forward LIBOR Transition

By Manesh Samtani | 09/03/2021

The regulators say the transition must continue without reliance on a potential synthetic JPY LIBOR, which would be restricted to tough legacy contracts even if published.

Securities / Derivatives

OSE, TOCOM Propose Revised Contingency Plans for Derivatives

By Sanday Chongo Kabange | 09/03/2021

The OSE and TOCOM have proposed revisions clarifying the standards by which they will halt and resume trading in the event of a disruption in the derivatives market.

Market Infrastructure

BOJ Governor Says Climate Change Should Guide Monetary Policy

By Editors | 08/03/2021

The BOJ must speed up research and deepen its understanding of climate change and its impacts on monetary policy, Governor Haruhiko Kuroda told parliament.

Securities / Derivatives

JPX Launches English Disclosure Portal for Listed Companies

By Sanday Chongo Kabange | 08/03/2021

Listed companies that have yet to issue disclosures in English have cited the large amount of resources required to prepare documents as their main obstacle.